Silver Monitoring Thread £ (GBP) only.

[timsk]

I imagine that most TSF members - and pretty well everyone subscribed to this thread - will get the Royal Mint's newsletter. But, just in case some of you don't - or those that do don't always devour it from virtual cover to cover - here's an article that may be of interest . . .

Six Key Factors Influencing Precious Metal Prices: Current Trends and Future Outlook

[Chronos]

One of the official sponsors of this site, Europa Bullion, just ran out of silver and gold.

 

Usualy they have 50+ different items of silver on stock.

 

Two days ago, there were 14 (don't know how many in stock).

 

Yesterday, they had only 4 (2 in stock, 2 unavailable).

 

Today, there is only one item left (and is currently unavailable).

 

They are almost out of gold also: only one gold item is available ...

Edited December 8, 2023 by Chronos

[Chronos]

What is weird is that usualy when they ran out of item they leave it on site and you can get an email notification when they restock the item. But this time when they sold all the stock the item they removed it from the page ...

 

Maybe they are exiting the PM bussiness?

Edited December 8, 2023 by Chronos

[Chronos]

Europa Bullion posted this on their site:

Dear valued customers,

Please be informed that our website is temporarily suspending its operations. During this period, all orders placed on the website will be processed as usual.

For orders with bank transfers as the payment method, we kindly request payments to be completed by Wednesday, December 20, 2023.

We appreciate your understanding and continued support.

 

Edited December 17, 2023 by Chronos

[katyc]

What's occurin'?

[James32]

4 minutes ago, katyc said:

What's occurin'?

Someone just bought from BBP

[Paul]

1 hour ago, katyc said:

What's occurin'?

Price of a tin of beans futures market have skyrocketed to a fiver a tin I heard off a source/friend who works high up in ' The City '

silver is keeping pace 

[Paul]

1 hour ago, James32 said:

Someone just bought from BBP

You don't normally frequent these parts of the forum. 

Edited December 20, 2023 by Paul

[HonestMoneyGoldSilver]

1 hour ago, katyc said:

What's occurin'?

Men

We're running around like headless chickens getting last minute Christmas presents

[Gruff]

 

 

[Petra]

1 hour ago, Gruff said:

 

 

Have you not seen the teapot one?🤔😮⛄️what c**p!⛄️

[Stacktastic]

On 22/12/2023 at 15:43, Petra said:

Have you not seen the teapot one?🤔😮⛄️what c**p!⛄️

The breakout in silver is probable, but I would never hold much confidence in that given the time its been controlled for so long. 
2021 proved that, but if more people jump in then it can go to $50 but it wont last long. 

Edited December 23, 2023 by Stacktastic

[Chronos]

Mexico's silver production is now declining double digits annually for the first time in almost a decade:

https://citizenwatchreport.com/mexicos-silver-output-drops-sharply-silver-at-historic-undervaluation-compared-to-gold/

[Adamcahn]

Great post this 👌

[Zhorro]

On 24/11/2023 at 13:15, Zhorro said:

The paper to silver ratio continues to fall.  It is now below 200:1 - four weeks ago it was 224.44:1.  Back in March is was 364.29:1.

There continues to be no discussion of the phenomenon despite a 45% fall in the paper to silver ratio in the past 8 months.

Well!  After the Paper to Silver ratio has consistently been falling since March (it got down to 165 to 1 a couple of days ago), it has now suddenly shot up to 423.26 to 1 !!!  This is bizarre - and it does not seem to have had any impact on the spot silver price.

Edited January 5 by Zhorro
typo

[stefffana]

1 minute ago, Zhorro said:

Well!  After the Paper to Silver ratio has consistently been falling since March (it got down to 165 to 1 a couple of days ago), has now suddenly shot up to 423.26 to 1 !!!  This is bizarre - and it does seem to have had any impact on the spot silver price.

Already 423 to 1 now?

[Leonmarsh]

[Shinus73]

On 22/12/2023 at 13:49, Gruff said:

 

 

I'd love it to be real, and would benefit greatly, but I've been reading about this cup and handle since about 2012. The handle will be as big as the cup before long.

On a related note, why would the price fluctuations of a commodity be more likely to take the shape of a cup and handle, than say a pair of glasses, or some car keys? Always felt like random gibberish to me.

 

[Fishy321]

1 hour ago, Zhorro said:

Well!  After the Paper to Silver ratio has consistently been falling since March (it got down to 165 to 1 a couple of days ago), it has now suddenly shot up to 423.26 to 1 !!!  This is bizarre - and it does not seem to have had any impact on the spot silver price.

 

18 minutes ago, Leonmarsh said:

Interesting things going on

[Leonmarsh]

Maybe a rise in the silver price predicted ? 

To da moon @Paul

[Paul]

9 minutes ago, Leonmarsh said:

Maybe a rise in the silver price predicted ? 

To da moon @Paul

[James32]

9 minutes ago, Leonmarsh said:

Maybe a rise in the silver price predicted ? 

To da moon @Paul

Nice kneecap 

[gji25]

Well imo silver wont be going to the moon anytime soon : Reason being the green agenda has run its coarse and nobody is buying into it. But give it about 4 years from now and it will probably become a monetary asset similar to gold.

 

Edited January 7 by gji25

[Chronos]

4 hours ago, gji25 said:

But give it about 4 years from now and it will probably become a monetary asset similar to gold.

 

[SovereignBull]

I understand that in the UK we have to pay the dreaded VAT on our Silver but why are our prices so far off those of America. I see video after video stating that they can buy Silver at very close to spot price with a $1 premium or less!
 

Why are online prices in the UK so far away from this? If we say add a pound and then add the 20% VAT we should be paying less than £23 a coin yet online for a Britannia we’re at £27 a coin (Figure based on an order of 10 to cover post)

Is it simply a case that there is more demand in the UK or are there other factors I’m not considering?

Edited January 12 by SovereignBull